New JV to construct hydropower projects in India

India hydro developer National Hydroelectric Power Corporation of India, Jammu & Kashmir State Power Development Corporation and PTC India have incorporated a joint venture company to develop three hydropower projects with a combined capacity of 2,120 MW in Jammu and Kashmir.

The new entity, Chenab Valley Power Projects Pvt Ltd , was incorporated on June 13., wire services reported.

In December last year, Jammu & Kashmir State Power Development Corp, NHPC and PTC India had inked a promoter’s agreement for setting up the new entity.

Under the terms of the JV, NHPC and JKSPDC will each hold a 49 percent stake in the company, with PTCI holding the remaining 2 percent.

In 2010, NHPC commenced commercial operations of all three units of the 120-MW Sewa II hydropower project in Jammu and Kashmir.

For more hydropower news and information, click here

Previous articlePacifiCorp plans removal of Condit Dam in Washington
Next articleAlstom to supply unit to Salamonde pumped-storage hydro project in Portugal

No posts to display